Download Climate Change Reporting Taxonomy

Climate Change Reporting Taxonomy
XBRL Europe
12/13 December 2012
Frankfurt, Germany
The views expressed in this presentation are those of the presenter
Climate Discloser Standards Board
Winner of the 2012 Zayed Future Energy Prize
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Agenda
1. Introduction
2. Requirements
3. Challenges ahead
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Thank you
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Carbon What?
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Introduction – CDP
655
700
Accelerate solutions to
climate change and water
management by putting
relevant information at the
heart of business, policy and
investment decisions.
600
534
475
500
385
400
315
300
225
155
200
95
100
551
35
4.5
10
21
31
2004
2005
2006
41
57
55
64
71
78
2007
2008
2009
2010
2011
2012
0
2003
Signatory Investors
Assets ($ Trillion)
Investors Signatories to the Carbon
Disclosure Project
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Introduction – CDP
3715
3050
2456
2204
1449
“CDP is to the future of business what
922
235
2003
295
355
2004
2005
the X-ray was to the then-future of
2006
2007
2008
2009
2010
2011
Number of companies disclosing to CDP
(Investor + Supply Chain)
medicine — without it, we would never
have seen the insides of the patient's
health.”
Christiana Figueres
Executive Secretary of the UN
Framework Convention on Climate
6
Change (UNFCCC)BRAG
CDSB – Climate Disclosure Standards Board
Created at WEF Davos (2007), Secretariat provided by CDP
Mission: promote and advance standardized disclosure of
climate change-related information in mainstream reports
(Integrated Reporting)
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Climate Change Disclosure
Assessment and
transparency of risks across
the board helps to prevent
systemic risks to the global
financial (& economic)
system
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Requirements
Compliant with:
– Latest XBRL specification
– ITA and Global Manual Filling
– CDP + CDSB
+
– minimize maintenance efforts
– maximize easy of delivery for main use cases
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Requirements
Input:
– capture all climate related “highlevel” concepts
–document all concepts
–allow linking to other taxonomies
(namely financial)
– be extensible
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Requirements
Usability:
–languages: English, Japanese,
Chinese, Spanish, Portuguese
– allow for enumeration lists to be
extended (LOV&LOV+)
– allow for “question pathways”
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Requirements
Output:
– validation rules
– compatible with existent analytical
solutions
– transformable to and from current CDP
XML format (transition period)
Currently documenting several use cases
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Requirements – implementation example
(1) CDP +CDSB compliance
– CDP: 12 years; web form based collection
system ; structured data; detailed guidance;
> 4000 instances submitted
– CCRF: 2 year; standard for integrating
material climate change information into
mainstream fillings; principles and criteria; no
detailed data structure; limited adoption;
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LOV
List of Values
Requirements – implementation example
Some LOV have been transformed
into dimensions
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Requirements – implementation example
CDP
CCRT
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Requirements – implementation example
Other LOV are a reporting facts
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Requirements – implementation example
For LOV that are reporting facts, we would like:
• Extensibility;
• Ability to provide context;
• Translation capability;
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Requirements – implementation example
Proposed solution
•
•
•
Extension of LOV done through relationships of element definitions, like
dimensions
Reporting concept must have a type Qname that have one of the concepts in
the relationships
Defining an entity of type “LOV” that links to other (abstract) elements, e.g.
<Magnitude of Impact>
<High>
<Medium-High>
<Medium>
<Medium-Low>
<Low>
<Unknown>
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Challenges ahead
How to work without mandates?
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Challenges ahead
Data entry
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Challenges ahead
Taxonomy development:
•
•
•
•
•
Water
Forests
Cities
Sector reporting
Integrated reporting
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Challenges ahead
Supply chain
•
•
•
•
Taxonomy(ies)
Security
Sharing data
(re) Calculations + traceability
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THANK YOU!
[email protected]
Winner of the 2012 Zayed Future Energy Prize
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